Market wrap up: Lindsay Goldberg surpasses target

New York-based Lindsay Goldberg was the torchbearer during the past week’s fund-raising efforts. The firm raised nearly $4.5 billion for Lindsay Goldberg III, which was targeted at $4 billion. The buyout firm raised $3.1 billion for fund II, which closed in September 2007.

Lindsay Goldberg’s recent activity, combined with the fund-raising efforts of other buyout and mezzanine firms, helped push the total of capital commitments obtained so far this year to more than $244.3 billion. With less than two months before the end of the year, the fund-raising total is nearly on par with last year’s total, which reached slightly above $292 billion.

In addition to Lindsay Goldberg, San Francisco-based Vista Equity Partners completed its third fund at $1.3 billion. The firm makes investments in software and technology companies. Lincolnshire Management Inc. has collected $835 million for Lincolnshire Equity Fund IV. UBS Securities served as placement agent for the New York-based firm’s latest vehicle. In March, PE Week affiliate publication Buyouts reported the Lincolnshire fund was targeted at about $700 million.

Deal activity

Thomson Reuters (publisher of PE Week) counted 16 leveraged buyout deals during the past week. There were no billion-dollar transactions. The six with disclosed prices had a combined value of nearly $598 million. Year-to-date deal volume inched up to $112.8 billion.

More than half of the previous week’s total came from the $273.4 million acquisition of Experian France SA, a provider of transaction processing services. The acquirer was an investor group led by Advent International Corp.

The next largest deal involved the purchase of Anite Public Sector Holdings Ltd. for $107.3 million. Kohlberg Kravis Roberts & Co. was the acquirer of the U.K.-based provider of software consulting services. —Eamon Beltran